Fed Raises Interest Rates by 25 Bps, Maintains Optionality on Further Hikes – Here is How Crypto Reacted
As broadly expected by market participants, the US Federal Reserve just lifted interest rates by 25 bps, taking them to their highest level in 22 years at 5.25-5.5%. In his post-policy announcement press conference, Fed...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In his post-policy announcement press conference, Fed Chair Jerome Powell signaled that the Fed is maintaining the optionality to hike interest rates further, depending on incoming US economic data.
Most analysts seem to think that was probably the last interest hike from the Fed of this tightening cycle....
Read More: Fed Raises Interest Rates by 25 Bps, Maintains Optionality on Further Hikes – Here is How Crypto Reacted
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Wall Street finally turned staking into a dividend, now Ethereum and Solana want to shrink it
Grayscale's July 17 SEC filings said its Ethereum and Solana staking ETFs would convert staking rewards to cash and distribute the...
BlackRock’s Rick Rieder says raising rates further won’t fix what’s left of inflation
Raising rates further risks unnecessary economic damage without effectively addressing remaining inflation, shifting focus to labo...
Strategy Raises $334 Million and Buys No Bitcoin With It for an Eighth Straight Week
“No bitcoin purchases or sales were made this week,” Strategy said in a Form 8-K filed Monday. The company neither bought nor sold...
Cboe pushes for 3x Bitcoin and Ethereum ETFs after 2x crypto funds suffer losses of up to 96%
Cboe BZX is asking the Securities and Exchange Commission (SEC) for an exception to its own generic listing rules so it can list f...
Bitmine acquires 9,926 Ethereum, boosting total holdings to 5.8M ETH
Bitmine's aggressive ETH accumulation strategy raises concerns about market liquidity, governance centralization, and potential pr...
Worldcoin (WLD) Price Prediction: Ascending Triangle Signals Potential $0.40 Breakout Amid Grayscale ETF Filing and Supply Cuts
The improving setup comes as several fundamental developments have changed the backdrop for WLD. Grayscale has filed with the U.S....